California Indemnity Bond to Replace Lost, Destroyed, or Stolen Stock Certificate
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FAQ
If you need or want to have physical proof of ownership, you can request a replacement for lost or stolen certificates. You'll need to reach out to the issuing company to start the process. A transfer agent will check the company's records to verify your ownership of the shares.
How do I replace a lost, stolen or destroyed certificate? Replacement share certificate(s) can be obtained through the completion and return of an Indemnity for lost certificate(s). In most instances it is usual for an administration fee to be charged for the production of an Indemnity.
You should send the documents to the company / registrars for issue of duplicate share certificates accompanied by, affidavit, indemnity & surety bond and original copy of FIR of police complaint reporting loss of share certificates and voucher copy of advertisement released in the government gazette publication ...
As soon as a shareholder realises that a share certificate has been lost, stolen or destroyed, they should contact the company secretary, or directors of the company concerned, both to report the loss and to request a replacement share certificate.
A Lost Stock Certificate Surety Bond is an indemnity bond required by the issuer of the certificate and the SEC when a stock certificate has been lost or stolen. The bond is a safety net for the transfer agent in that if the lost certificate is found and sold, the transfer agent doesn't suffer any economic loss.
When dealing with an estate that includes shares without a certificate, a new one can be requested from the registrars of the company (if known). However, they may impose conditions before granting you with a replacement certificate.
No matter the system, physical certificates are often misplaced or destroyed accidentally. In such cases, the stockholder will need to replace the documents, a process that starts with the completion of an affidavit of lost stock certificate.
If you misplace your stock certificate or believe it was stolen or destroyed, you should immediately contact your transfer agent, or business that handles the records for the company of the stock you hold, and request that a "stop-transfer" order be put against it, similar to what you would do with a lost check.
